27 Fun & Interesting Facts about Car Insurance

I am sure you must be thinking what is interesting about car insurance or what fun is it? Surely, there are some interesting facts worth knowing, as auto insurance has existed almost a century. Fun & Interesting Facts about Car InsuranceInsurance doesn’t always deal with car accidents, injuries, thefts and other problems, but sometimes super interesting things also happen.  Read some of the facts here:

  • Till the time your car is on lease, some companies add free collision insurance
  • The car you select does not only affect the way you drive but also the premium rates
  • It is a myth that the colour of your car effects the price of your insurance
  • Your occupation plays an important role in your auto insurance rates
  • It is not necessary that all insurance companies will reduce premium after you turn 25
  • Main types of car insurance policies include liability coverage, collision coverage and comprehensive coverage
  • Premiums will also increase if you buy a new car
  • Some states in US for example Connecticut have bigger insurance markets than entire countries such as Brazil and Sweden
  • America’s top five companies have earned largest premiums by selling policies to low-risk groups such as farmers
  • 16 percent of drivers are uninsured at any point
  • National Car Insurance Day in USA is celebrated on 01 February
  • First car insurance policy was written in 1897 by Travelers Insurance
  • Massachusetts was the first state to make insurance mandatory for automobiles.
  • New Hampshire and Virginia are the only states where automobile insurance is not required
  • Michigan, Louisiana, Kentucky, West Virginia, Mississippi are top five most expensive states for car insurance
  • Massachutes, North Carolina, Hawaii, Alaska and Oregon are top five least expensive states for car insurance
  • In Ireland auto insurance rates can go high up every year even though the policy remains same. It is due to lose insurance regulations
  • In Indonesia and Australia drivers are required to register with the government. The registration cost includes a third party insurance
  • In South Africa the government has allocated a percentage of gasoline profits towards Road Accidents Funds. This is the form of auto insurance there
  • There are some specific female oriented insurance schemes. They offer perks like road side assistance, coverage for the stolen purse etc
  • Statistics show that married people have less accidents
  • If you can manage pay your auto premium bi-annually rather than monthly. This will decrease your premiums considerably
  • Your driving record can help in determining how long you will live. If you drive safely, chances are that you will live long, no matter whatever is the cause of the death
  • If your friend have borrowed you car and met an accident, you will have to file and process the claim
  • Car owner is responsible in case of an accident, therefore make sure that you transfer the ownership rights at your earliest possible after selling a car
  • 50 percent of your car premiums go towards administrative costs not for claims
  • 21 states have compulsory coverage for uninsured motorcyclists

Benefits 101: Introduction to Group Health Insurance


Educate your employees about what group health insurance is and how premiums and coverage work. [Benefits 101: Introduction to Group Health Insurance]

How Health Insurance Works


When I consider purchasing an individual health insurance plan for myself or my family, do I have any financial obligations beyond the monthly premium and annual deductible?

Answers: It depends on the plan, but some plans have the following cost-sharing elements that you should be aware of.

Co-Payments: Some plans include a co-payment, which is typically a specific flat fee you pay for each medical service, such as for an office visit. After the co-payment is made, the insurance company typically pays the remainder of the covered medical charges.

Deductibles: Some plans include a deductible, which typically refers to the amount of money you must pay each year before your health insurance plan starts to pay for covered medical expenses.

Coinsurance: Some plans include coinsurance. Coinsurance is a cost sharing requirement that makes you responsible for paying a certain percentage of any costs. The insurance company pays the remaining percentage of the covered medical expenses after your insurance deductible is met.

Out-of-pocket limit: Some plans include an out-of-pocket limit. Typically, the out-of-pocket limit is the maximum amount you will pay out of your own pocket for covered medical expenses in a given year. The out-of-pocket limit typically includes deductibles and coinsurance. But, out-of-pocket limits don’t typically apply to co-payments.

Lifetime maximum: Most plans include a lifetime maximum. Typically the lifetime maximum is the amount your insurance plan will pay for covered medical expenses in the course of your lifetime.

Exclusions & Limitations: Most health insurance carriers disclose exclusions & limitations of their plans. It is always a good idea to know what benefits are limited and which services are excluded on your plan. You will be obligated to pay for 100% of services that are excluded on your policy.

Beginning September 23, 2010, the Patient Protection and Affordable Care Act (health care reform) begins to phase out annual dollar limits. Starting on September 23, 2012, annual limits on health insurance plans must be at least million. By 2014 no new health insurance plan will be permitted to have an annual dollar limit on most covered benefits.

Some health insurance plans purchased before March 23, 2010 have what is called “grandfathered status.” Health Insurance Plans with Grandfathered status are exempt from several changes required by health care reform including this phase out of annual limits on health coverage.

If you purchased your health insurance policy after March 23, 2010 and you’re due for a routine preventive care screening like a mammogram or colonoscopy, you may be able to receive that preventive care screening without making a co-payment. You can talk to your insurer or your licensed eHealthInsurance agent if you need help determining whether or not you qualify for a screening without a co-payment.

There are five important changes that occurred with individual and family health insurance policies on September 23, 2010.

Those changes are:
1. Added protection from rate increases: Insurance companies will need to publically disclose any rate increases and provide justification before raising your monthly premiums.
2. Added protection from having insurance canceled: An insurance company cannot cancel your policy except in cases of intentional misrepresentations or fraud.
3. Coverage for preventive care: Certain recommended preventive services, immunizations, and screenings will be covered with no cost sharing requirement.
4. No lifetime maximums on health coverage: No lifetime limits on the dollar value of those health benefits deemed to be essential by the Department of Health and Human Services.
5. No pre-existing condition exclusions for children: If you have children under the age of 19 with pre-existing medical conditions, their application for health insurance cannot be declined due to a pre-existing medical condition. In some states a child may need to wait for the state’s open-enrollment period before their application will be approved.

Too Faced Shadow Insurance Benefits


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View this video featuring the Too Faced Shadow Insurance Anti-Crease Eye Shadow Primer Original product and shop other similar products on Beauty.com.

Products featured in the video:
-Too Faced Shadow Insurance Anti-Crease Eye Shadow Primer Original http://direct-url.com/KSz

Living Benefits: The Smartphones of Life Insurance

Linda Maxwell’s Story—Life Insurance with Living Benefits

Income Tax on Life Insurance Benefits & Annuities : Life Insurance & More


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Life insurance benefits and annuities are associated with some very important income tax rules that you’re going to want to know. Find out about income tax on life insurance benefits and annuities with help from a longtime financial planner in this free video clip.

Expert: Karen Lee
Filmmaker: Edward Castner

Series Description: It’s never too early to start thinking about life insurance, retirement and other types of financial-related plans that are an absolute necessity in today’s world. Learn how to get the most for your dollar and plan for your future in the proper way with help from a longtime financial planner in this free video series.

Benefits of term insurance- Hindi

Life Insurance With Living Benefits

How Do You Prove Diabetic Neuropathy Qualifies You For Disability Insurance Benefits


http://www.disabilitydenials.com/blog/proving-neuropathy-long-term-disability-claim-erisa/

In this video Marc Whitehead, Board Certified Disability Insurance Attorney, discusses how to prove diabetic neuropathy qualifies you for Disability Insurance benefits.

Almost 26 million children and adults have Type II Diabetics according to the American Diabetes Association and many of these people also suffer from peripheral neuropathy as a result of diabetes related nerve damage. Neuropathy may become increasingly more server over time causing pain, numbness and weakness in the hands, feet and other parts of the body and eventually compromise an individuals ability to work and complete normal daily activities. If neuropathy makes it impossible for you to continue completing your normal functions of your job, you will likely need to apply for Disability Benefits and prove that this disability is legitimately preventing you from working.

The following forms of documentation will help you prove your case
and receive the benefits that you need to support yourself.

1- Medical Records: The most obvious evidence that you will need is your complete medical history including a neurologist diagnosis or your peripheral neuropathy based on nerve testings such as MRI’s, nerve biopsies, Blood tests, nerve conduction tests or spinal tap.
2- Documentation of Treatment: Presenting an initial diagnosis of Peripheral Neuropathy is generally not enough in a long term Disability Case. You need to prove that you have continued the recommended treatment. If you can’t prove that you’ve received regular treatment from a neurologist or other medical provider, your claim may be denied.

In order to prove that you can no longer work in the capacity that you used to you need to prove that your Neuropathy hinders your completion of basic day to day activities. The most straight forward way to do this is by tracking how long it takes you to do certain tasks and what type of pain and other symptoms you experience while completing these daily activities. Things such as showering, dressing and completing household chores. If you write all of this down in an activity log, you can use that log as evidence.

Finally get a written statement from a Neurologist. To make your claim even stronger you should have your Neurologist write and sign a detailed statement stating the symptoms you experience, how those symptoms are disabling you and what they recommend for your course of treatment.

For more information download a free copy of Marc Whiteheads eBook:
Disability Insurance Policies: How to Unravel the Mystery and Prove your Claim
at www.disabilitydenials.com

Or contact our office to discuss your own claim
5300 Memorial Dr. Ste. 725
Houston, Texas 77007
1-800-562-9830

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